Vitru Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 25, 2022 at 04:06 pm EDT
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Vitru Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 308.02 million compared to BRL 166.45 million a year ago. Net income was BRL 20.86 million compared to BRL 15.56 million a year ago. Basic earnings per share from continuing operations was BRL 0.82 compared to BRL 0.68 a year ago. Diluted earnings per share from continuing operations was BRL 0.76 compared to BRL 0.63 a year ago.
For the six months, sales was BRL 485.81 million compared to BRL 317.15 million a year ago. Net income was BRL 44.8 million compared to BRL 37.25 million a year ago. Basic earnings per share from continuing operations was BRL 1.84 compared to BRL 1.62 a year ago. Diluted earnings per share from continuing operations was BRL 1.72 compared to BRL 1.51 a year ago.
Vitru Ltd is a Brazil-based company that operates in the Higher Education segment by offering digital education undergraduate programs as well as on-campus undergraduate programs, graduate courses, technical and professional qualification courses. The Companyâs mission is to democratize access to education in Brazil through a digital ecosystem. Vitru Ltd offers more than 330 courses through the Virtual Learning Environment (VLE), which is delivered in multiple formats (videos, eBooks, podcasts, and html texts, among others), offering accessible digital contents to different learning styles. The Companyâs portfolio comprises Technical Courses, Professional Qualification Courses, Digital Education Undergraduate Courses (Bachelorâs, Licentiateâs, and Vocational degrees), OnCampus Undergraduate Courses (Bachelorâs, Licentiateâs, and Vocational degrees) as well as DE Graduate programs. Vitru Ltd has several subsidiaries such as FAC Educacional Ltda and FAIR Educacional Ltda.
VITRU LIMITED 
